Chinese officials on Tuesday decried new measures targeting China included in the U. S. defense bill signed by President Trump on Monday, saying it would closely examine…
Chinese officials on Tuesday decried new measures targeting China included in the U. S. defense bill signed by President Trump on Monday, saying it would closely examine the legislation.
Reuters reported that China condemned the National Defense Authorization Act (NDAA) for including a measure to strengthen the Committee on Foreign Investment in the United States (CFIUS).
The inter-agency committee reviews business deals that could result in a foreign person or company winning control of a U. S. business, to determine if there is a national security risk to the United States.
The defense bill provides more funding for CFIUS, and expands the number of minority investments to be reviewed, and makes it easier to do reviews of less controversial deals quickly.
